Legal Question in Bankruptcy in Florida
If we surrender our home in a chapter 13 bankruptcy, will it still how up as a foreclosure on my credit report? Also should we stop paying our mortgage if we are going to surrender the property?
Asked on 8/02/09, 10:36 pm
1 Answer from Attorneys
Brent Rose
The Orsini & Rose Law Firm
It shouldn't show up as a foreclosure because it's only supposed to be reported as a bankruptcy, but I've seen it happen.
If you're going to surrender, usually there is no reason to continue paying the mortgage.
Answered on 8/03/09, 6:21 pm
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